SOURCE: The Miller Group

The Miller Group

The Miller Group

February 04, 2015 14:01 ET

High Performance Computing Manufacturer Magma Engages The Miller Group to Serve as Its Exclusive Strategic Advisor

SCOTTSDALE, AZ--(Marketwired - Feb 4, 2015) - Magma, providers of high performance expansion systems for servers, desktops and portable platforms, today announced it has selected The Miller Group, a highly respected management consulting/strategic advisory firm, to assist with its financial strategy and international expansion objectives. 

San Diego, CA based Magma, engineers and manufactures systems that extend computer workstations and server capabilities. These expansion systems are used in high technology industries, including aerospace, defense, big data, simulation, oil and gas, finance and life sciences. Magma's products allow companies to add features to their computers and servers without re-architecting the overall system. This results in lower investment in new hardware while simultaneously improving computer performance.

Rudy R. Miller, Chairman, President and Chief Executive Officer of The Miller Group, said, "We're looking forward to partnering with Magma's Chief Executive Officer, Randy Jones, who has great success as a corporate executive working for Fortune 500 and smaller public companies as well as serving his country as an officer in the US Army." Miller continued, "His entrepreneurial decision to personally acquire an operational division from a public company in 2007, which today is the foundation of Magma, makes a strong statement to me regarding his commitment to grow the company. We believe the company is poised with its current and soon to be released products to make a leap in its growth cycle and our management and financial expertise will be targeted to help the company achieve its worldwide growth initiatives."

Mr. Miller concluded, "Alan Lerchbacker, Managing Director of the Western Region for The Miller Group, and I will be working directly with Randy, Tim Miller, Magma's President & Chief Operating Officer, and their management team regarding this engagement commitment."

Randy Jones, Magma's CEO, stated "The Miller Group, through its various entities, has been creating innovative business and financial solutions for growth companies throughout North America and the international marketplace since 1972. Magma continues to extend its global reach in Europe, Asia and South America; we're looking to The Miller Group to assist us in driving our corporate growth and developing Magma's long-term strategic and financial plan." 

About The Miller Group

MILLER is comprised of several affiliated companies including Miller Capital Corporation, Miller Investments, Inc., and Miller Management Corporation. The Miller Group offers a broad range of services including venture capital, private equity investing, debt financing, financial advisory, management consulting, and investor relations to public and private middle-market companies throughout North America, Europe, and Asia. A select group of current and past clients include: America West Airlines, Bowlin Travel Centers, Inc., Capital Title Group, Inc., DELSTAR Companies, Inc., Legal Broadcast Network, LLC, McMurry, Inc., NJOY, Ritz Carlton Magazine, Sequence Media Group, ServRx, Inc., Sunshine Minting, Inc., Telgian Corporation, US Air Express, and VirTra Systems, Inc.

Contact Information

  • Further Information Contact:
    Rudy R. Miller
    Chairman, President & CEO
    (602) 225-0505
    Email Contact